the past 5 years, "Asia's share of God," Lee Shau-kee End with China Life Insurance (02628, HK) "good-bye." The Stock Exchange of Hong Kong show that in the Lee Shau Kee Oct. 30 to reduce the 3182 million H shares China Life Insurance, the Hong Kong dollar 617 million cash. China Life was down 1.19 percent trend yesterday to close at 20.75 Hong Kong dollars Tuesday to become the only Chinese-funded financial sector stocks fell.
200,000,000 U.S. dollars of investment changed 1,100,000,000 U.S. dollars
Information revealed that on October 30, Lee Shau Kee in the secondary market to sell these shares in the share price of 19.387 Hong Kong dollar to 19.70 Hong Kong dollar, the average price of 19.387 per share for the Hong Kong dollar, the sell-off of the Lee Shau Kee 3182 Million of the total market value of about 617 million Hong Kong dollar. On the same day, China Life Insurance soared 12.22 percent, to close at 21.30 Hong Kong dollars, 237 million shares traded throughout the day. In the sell-off is completed, Lee Shau Kee China Life's H shares increased from 5.15 percent down to 4.72 percent. As the Hong Kong Securities and Futures Commission of 5% below the position change has not forced disclosure requirements, so even if Lee Shau Kee in the Oct. 30, after clearing all of China Life, also no longer need public disclosure.
Lee Shau Kee of China Life's investment would also be traced back to December 2003. At that time, Lee Shau Kee, Hong Kong's Li Ka-shing and Cheng Yu-tung of the three heavyweight rich at the same time in the life of the IPO strategic investor list. Among them, Lee Shau-kee's Henderson Land, through the subscription of 200,000,000 U.S. dollars worth of H shares China Life Insurance, Li Ka-shing through long lines and the subscription of shares 200,000,000 U.S. dollars, Cheng Yu-tung's Chow Tai Fook Enterprises has a subscription of 100,000,000 U.S. dollars in life insurance . At that time, according to the China Life IPO issue price of 3.59 Hong Kong dollar per share, a total of three subscription of the rich more than 1,000,000,000 shares of China Life H shares.
2004 China Life Strategy Unit after the lifting of the ban, Li Ka-shing and Cheng Yu-tung at the 5 yuan per share price for the reduction, profit 190,000,000 Cheng Yu-tung Hong Kong dollar, the rate of return as high as 50%, a net profit of more than 300,000,000 Li Ka-shing, the Hong Kong dollar, the return rate More than 40%. However, Lee Shau Kee has not sold China the meaning of life, and on many public occasions that it would hold long-term.
Lee Shau-kee's patience finally hold a substantial return. China Life's listing in two years, which had the largest increase 80%, more than Li Ka-shing and Cheng Yu-tung's return on investment. And in 2006 began in the capital in a bull market shares but also the Lee Shau Kee, "wait" appears to be more meaningful. Into the bull market of China Life Insurance 10 all the way through the Hong Kong dollar, the Hong Kong dollar, 20, 30, the Hong Kong dollar mark, the highest price surged to 53.80 Hong Kong dollar, but the Lee Shau Kee did not reduce the highest point since that time the "Asian shares God "" Hang Seng Index at the end of 2007 is likely to reach 35,000 points. " However, even if the Hong Kong dollar to 19.387 per share basis, excluding factors such as dividends, Lee Shau-kee of the five-year return on investment has reached 4.4 times the original investment 200,000,000 U.S. dollars have become nearly 11 million.
"Asia's share of God" Last year, investment in new shares Jukui
Although China Life investment profit, but with the large number of individual investors, "Asia's share of God" bear market suffered the same torment. Was "the most hated stock" from the Lee Shau Kee is the beginning of training to fight new investment interest in China Life IPO, and so did a number of early stage to bring Lee Shau Kee big surprise. However, as also IPO, also defeated IPO. IPO market in 2007 to become the Lee Shau Kee investment in the history of Waterloo.
In April 2007, Lee Shau Kee 10 billion purchase high-profile Country Garden (02007, HK), Country Garden was issued at a price of 5.38 Hong Kong dollar per share. To yesterday's close, the stock has fallen 75.65 percent, Lee Shau Kee 1,000,000,000 of the remaining investment will be less than 3 billion. In addition, Lee Shau-kee last year's subscription Fosun International (00656, HK), Dachang line (01828, HK) and Sinotrans Shipping (00368, HK), and other than their own new shares have been issued at a price fell 82%, 78% and 79.7 %.
So Lee Shau-kee, if needed cash, is the natural choice of book profits of the shares, such as China Life IPO early works. In addition to China Life Insurance, Lee Shau Kee early subscription of new shares also China Shenhua (01088, HK), China Coal Energy (01898, HK), China Ocean (01919, HK), and so on.
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